Apr. 20, 2022
To whom it may concern, I am writing you today as a concerned retail investor. The language put forth in SR-NSCC-2022-801 is quite disturbing. This seems like a way to ignore potential FDS immerging in the market, and passing off the financial obligation to return securities owed. Coupling this with the recent activity on the LME where the exposed reported Nicole short position was just 5% of the total exposure, decreasing visibility of potential hidden market leverage sounds short sighted at best and borderline criminal at worst. If this bill passes, as a software engineer in Fintech, I will have completely lost faith in the US market, and the SEC's agenda to facilitate fairness in said market. As such, I will simply move my assets over to crypto, as American banking and stock trading are not the only option available in today's market, and are looking less sound with each passing day. Regards, Kevin Winn